Tax Increment Financing

(Hotel developer Brooke Lenfest, center, talks with City Council president Darrell Clarke, right, and others just before Council approved a tax break for his project.  Photo by Mike Dunn)

Council Approves $33-Million Tax Break For Center City Hotel Project

Developer Brooke Lenfest (center of photo) wants to build two hotels — a “W” and an “Element” — on what is now a parking lot at 15th and Chestnut Streets.

12/12/2013

(photo by Mike Dunn/KYW)

Controversial Tax Break OK’d Despite Opposition From Hotels

It was hotel versus hotel as City Council members today gave initial approval to a tax break for a developer who wants to build two new hotels in Center City. Existing hoteliers cried foul.

11/07/2013

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